The Mosaic Company $MOS Holdings Lessened by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in The Mosaic Company (NYSE:MOS) by 61.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,113 shares of the basic materials company’s stock after selling 48,896 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mosaic were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. acquired a new position in Mosaic during the second quarter worth $524,484,000. Donald Smith & CO. Inc. acquired a new position in shares of Mosaic during the second quarter valued at about $163,662,000. Nykredit A S bought a new stake in shares of Mosaic during the second quarter worth about $108,329,000. Deutsche Bank AG bought a new stake in shares of Mosaic during the second quarter worth about $73,112,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Mosaic in the 2nd quarter worth about $57,285,000. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

MOS has been the topic of several recent research reports. Wall Street Zen cut shares of Mosaic from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Mizuho cut their price target on Mosaic from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. lowered Mosaic from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $27.00 to $25.00 in a report on Monday, October 5th. Morgan Stanley decreased their price objective on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, June 30th. Finally, Barclays lowered their price objective on Mosaic from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.50.

Mosaic Price Performance

Shares of NYSE MOS opened at $17.84 on Friday. The Mosaic Company has a twelve month low of $16.99 and a twelve month high of $32.25. The stock’s 50 day moving average price is $22.51 and its 200-day moving average price is $22.65. The company has a market capitalization of $5.67 billion, a PE ratio of -8.83, a PEG ratio of 4.99 and a beta of 0.91. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%. Mosaic’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. On average, equities analysts anticipate that The Mosaic Company will post 0.34 EPS for the current year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.88 annualized dividend and a yield of 4.9%. Mosaic’s payout ratio is currently -43.56%.

Insiders Place Their Bets

In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares in the company, valued at $2,570,299.76. This represents a 16.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Mosaic Profile

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.